Micron Technology (NASDAQ:MU) Shares Up 5.3% Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) shares rose 5.3% on Wednesday after Needham & Company LLC raised their price target on the stock from $380.00 to $450.00. Needham & Company LLC currently has a buy rating on the stock. Micron Technology traded as high as $427.85 and last traded at $420.95. Approximately 31,964,966 shares changed hands during trading, a decline of 16% from the average daily volume of 38,107,453 shares. The stock had previously closed at $399.78.

Several other equities analysts have also issued reports on the company. Susquehanna lifted their price target on Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Royal Bank Of Canada assumed coverage on Micron Technology in a research report on Thursday, January 15th. They issued an “outperform” rating and a $425.00 target price on the stock. Wedbush set a $320.00 target price on shares of Micron Technology in a report on Thursday, December 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. Finally, Piper Sandler upped their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $358.38.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the sale, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at $12,904,987.50. This represents a 4.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Company insiders own 0.24% of the company’s stock.

Key Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: HBM4 capacity sold out and AI memory tightness — markets view exhausted HBM supply as pricing power and sustained demand for Micron’s DRAM/HBM wafer products. Micron Technology (MU) Is Up 10.3% After 2026 HBM4 Capacity Sells Out On AI Demand
• Positive Sentiment: Strong earnings momentum and guidance — recent results showed large revenue and EPS beat and management set elevated Q2 guidance, supporting expectations for continued margin expansion. MarketBeat MU summary
• Positive Sentiment: Analyst upgrades and higher price targets (Needham raised target to $450; multiple firms with bullish notes) are reinforcing buy-side interest. Needham price target raise
• Positive Sentiment: Big 13F and hedge-fund activity (including David Tepper/Appaloosa increasing MU exposure) signals institutional conviction in Micron as an AI-infrastructure play. Billionaire David Tepper Goes Big on Micron
• Positive Sentiment: Product and NAND momentum — Micron’s new SSDs (9650) and accelerating NAND revenues diversify growth beyond DRAM and could boost total addressable market for AI storage. Micron’s New SSDs Are Gamechangers For AI
• Neutral Sentiment: Huge long-term capex — Micron’s multi-hundred‑billion dollar buildout (U.S. and abroad) supports supply growth but elevates execution and timing risk; investors are weighing capacity timelines versus current tightness. Micron Is Spending $200 Billion to Break the AI Memory Bottleneck
• Negative Sentiment: Heavy insider selling and some large institutional reductions (e.g., UBS trimming shares) are being watched as potential supply into the market. Quiver Quantitative MU discussion and insider trades
• Negative Sentiment: Volatility and downside scenarios — some commentators flag rapid past drawdowns and project possible weakness (one analysis discusses a $280 downside scenario), so risk of sharp corrections remains if guidance or execution disappoints. Could Micron Stock Fall To $280?

Institutional Investors Weigh In On Micron Technology

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares in the last quarter. State Street Corp raised its position in shares of Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares in the last quarter. Capital International Investors grew its position in Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after purchasing an additional 155,860 shares during the period. Finally, Norges Bank bought a new stake in Micron Technology during the 4th quarter valued at $6,433,456,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

The stock has a market cap of $473.78 billion, a price-to-earnings ratio of 40.01 and a beta of 1.52. The company’s fifty day simple moving average is $344.36 and its two-hundred day simple moving average is $238.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same period last year, the company earned $1.79 earnings per share. The business’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.